10-Q Filing

FAIR ISAAC CORP CIK: 814547 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000814547-17-000005`
Period End Date	20161231
Filing Date	20170131
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	fico-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 42 Cash Flow Statement 62 Stockholders Equity 12

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.93M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.12M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$155.71M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$167.79M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$40.93M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$284.74M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$267.64M	USD	Point-in-time
Marketable securities available for sale	`AvailableForSaleSecuritiesNoncurrent`	$12.26M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.86M	shares	Point-in-time
Marketable securities available for sale	`AvailableForSaleSecuritiesNoncurrent`	$11.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.86M	shares	Point-in-time
Other investments	`CostMethodInvestments`	$10.92M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.16M	shares	Point-in-time
Other investments	`CostMethodInvestments`	$10.92M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.93M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.12M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	57.70M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	57.92M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$43.96M	USD	Point-in-time
Goodwill	`Goodwill`	$798.41M	USD	Point-in-time
Goodwill	`Goodwill`	$789.60M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$33.62M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$29.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$47.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$47.80M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.79M	USD	Point-in-time
Total assets	`Assets`	$1.22B	USD	Point-in-time
Total assets	`Assets`	$1.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.95M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$41.51M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$71.22M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$26.33M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$27.78M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$57.47M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$47.13M	USD	Point-in-time
Current maturities on debt	`DebtCurrent`	$102.00M	USD	Point-in-time
Current maturities on debt	`DebtCurrent`	$77.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$246.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$249.72M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$518.67M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$493.62M	USD	Point-in-time
Other liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$34.10M	USD	Point-in-time
Other liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$34.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$802.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$773.85M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.01 par value; 1,000 shares authorized; none issued and outstanding)	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock ($0.01 par value; 1,000 shares authorized; none issued and outstanding)	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 31,157 and 30,935 shares outstanding at December 31, 2016 and September 30, 2016, respectively)	`CommonStockValueOutstanding`	$312.00K	USD	Point-in-time
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 31,157 and 30,935 shares outstanding at December 31, 2016 and September 30, 2016, respectively)	`CommonStockValueOutstanding`	$309.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.19B	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.15B	USD	Point-in-time
Treasury stock, at cost (57,700 and 57,922 shares at December 31, 2016 and September 30, 2016, respectively)	`TreasuryStockValue`	$2.15B	USD	Point-in-time
Treasury stock, at cost (57,700 and 57,922 shares at December 31, 2016 and September 30, 2016, respectively)	`TreasuryStockValue`	$2.14B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.48B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.51B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-91.36M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-77.01M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$446.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$421.91M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.22B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.22B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Transactional and maintenance	`TransactionalAndMaintenanceRevenue`	$153.66M	USD	1 Quarter
Transactional and maintenance	`TransactionalAndMaintenanceRevenue`	$147.07M	USD	1 Quarter
Professional services	`TechnologyServicesRevenue`	$34.15M	USD	1 Quarter
Professional services	`TechnologyServicesRevenue`	$43.54M	USD	1 Quarter
License	`LicensesRevenue`	$22.40M	USD	1 Quarter
License	`LicensesRevenue`	$18.85M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$219.60M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$200.08M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$70.00M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$62.19M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$24.63M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.14M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$78.84M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$85.21M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.58M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.32M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$184.67M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$169.24M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$34.93M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.83M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.72M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.17M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-334.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.66M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.78M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-9.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.12M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.35M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.55M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.12M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.22	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.99M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.18M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.54M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.06M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$14.52M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$14.70M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.99M	USD	1 Quarter
Tax effect from share-based payment arrangements	`TaxBenefitFromShareBasedCompensationOperatingActivities`	$9.62M	USD	1 Quarter
Tax effect from share-based payment arrangements	`TaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$463.00K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$438.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.25M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.81M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.88M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.02M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-725.00K	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-16.38M	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-29.03M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.09M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.44M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$11.51M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.81M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$32.98M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$50.63M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.29M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.32M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.32M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.29M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$26.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$60.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$15.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$10.00M	USD	1 Quarter
Proceeds from issuance of treasury stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.66M	USD	1 Quarter
Proceeds from issuance of treasury stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.20M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$35.60M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$24.46M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$622.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$618.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$28.38M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$30.44M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.99M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-41.27M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-478.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.49M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.59M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.18M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.71M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$75.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$86.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.71M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.10M	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$4.36M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$7.46M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$5.85M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$5.82M	USD	1 Quarter
Purchase of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$267.00K	USD	1 Quarter
Purchase of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.82M	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$446.83M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$421.91M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.52M	USD	1 Quarter
Issuance of treasury stock under employee stock plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-31.93M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$30.44M	USD	1 Quarter
Dividends paid	`DividendsCommonStockCash`	$618.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.12M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.35M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$446.83M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$421.91M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.